Penn Plaza Consultants Group Leases Retail Space To $1.50 Slice Pizza At 82-16 Roosevelt Avenue
82-16 Roosevelt Avenue
$250
$250/SF
Building Size
450 SF
Asset Type
Retail
Closing
Jul 1, 2026
AI
The property asset involved in this transaction is a retail space located at 82-16 Roosevelt Avenue in Elmhurst. The lease type is a Single Net Lease with an asking rent of $250 per square foot for a total of 450 square feet.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1.50 Slice Pizza
- Landlord: Penn Plaza Consultants Group
- Broker Representatives: Josh Augenbaum & Murray Mizrachi - Augenbaum Realty
- Date of Transaction: 7/2/2026
The deal was facilitated by Josh Augenbaum and Murray Mizrachi, who represented the landlord, Penn Plaza Consultants Group, in this lease agreement. Their efforts contributed to securing a tenant for the retail space.
Players
Jackson Heights Retail Market Snapshot
Boundary boundary · Retail · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
63452.00%
Cash-on-Cash
-18134.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93